REI Lense

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$1,707 (target)

22831 Ulrich St, Clinton Township, MI 48036

3 beds • 2 baths • 2853 sqft

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This property looks like a bad Long-Term investment with a projected -14.61% first-year return on $56,196 initial cash invested.

-14.61%

Cash On Cash

4%

Cap Rate

0.6

DSCR

$1,707

Rent

-$684

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,707 income − $2,391 expenses = $684 out of pocket

Income$1,707Out of Pocket$684Mortgage P&I$1,49087%Property Taxes$34420%Insurance$1147%Management$17110%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,196

Downpayment

20%

$53,520

Closing costs

1%

$2,676

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,707

Total Expenses

$2,391

Mortgage P&I

87%

$1,490

Property Taxes

20%

$344

Home Insurance

7%

$114

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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